Acquisitions (Tables)

6 Months Ended

Jun. 30, 2020

Acquisitions [Abstract]

Schedule Of Acquired Finite-Lived Intangible Assets By Major Class

We continue to finalize the valuations of intangible and tangible assets acquired in the last 12 months and plan to finalize all purchase accounting within 12 months from the date of each acquisition. The following sets forth the adjustments made to purchase price allocations during the six months ended June 30, 2020:

					Other
(In millions)	Goodwill		Trade Names(1)		Intangible Assets(2)
Balance as of December 31, 2019	$	309	$	31	$	197
Measurement period adjustments		—		—		(4)
Balance as of June 30, 2020	$	310	$	31	$	192

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(1)Subject to amortization.

(2)Primarily customer lists.

Schedule Of Supplemental Cash Flow Information Regarding Acquisitions

	Six Months Ended
	June 30,
(In millions)	2020		2019
Assets acquired	$	9	$	133
Liabilities assumed		—		(6)
Net assets acquired	$	9	$	127
Net cash paid	$	7	$	115
Seller financed debt		2		9
Contingent earnout		—		3
Purchase price	$	9	$	127

Preliminary Purchase Price Allocation

Current assets(1)	$	11
Property and equipment		6
Goodwill		127
Identifiable intangible assets(2)		94
Current liabilities(3)		(18)
Long-term liabilities(4)		(22)
Total purchase price	$	198

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(1)Primarily trade receivables and net of approximately $9 million of cash acquired.

(2)Primarily customer lists.

(3)Primarily advanced collections from customers.

(4)Includes $20 million of deferred tax liabilities as a result of tax basis differences in intangible assets.

Summary Of Pro Forma Consolidated Financial Information

	(Unaudited)
	Three months ended		Six months ended
	June 30, 2019		June 30, 2019
Consolidated revenue	$	509	$	942
Consolidated net income	$	60	$	131
Basic earnings per share	$	0.44	$	0.96
Diluted earnings per share	$	0.44	$	0.96